2024-01-31T09:27:15-06:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2021-07-01 231352001 THE ACADEMY OF VOCAL ARTS ACAD 2157351685 1920 SPRUCE STREET PHILADELPHIA PA 19103 SCOTT F GUZIELEK PRESIDENT 2157351685 2024-01-24 1 SCOTT GUZIELEK 999009999 DAVID M SEKERAK P01395497 2156433900 2024-01-18 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X SCOTT F GUZIELEK 1920 SPRUCE STREET PHILADELPHIA PA 19103 5774325 0 X WWW.AVAOPERA.ORG X 1936 PA TO DISCOVER & PREPARE PROMISING YOUNG SINGERS FOR SUCCESSFUL INTERNATIONAL CAREERS AS OPERA SOLOISTS 32 32 79 32 0 0 4023725 2778453 44222 281465 1414780 2054105 10952 -46521 5493679 5067502 339168 329300 0 0 2218325 2495771 0 0 327211 1068405 1383669 3625898 4208740 1867781 858762 52892047 44399477 3000509 2857203 49891538 41542274 X THE MISSION OF THE ACADEMY OF VOCAL ARTS (AVA) IS TO BE THE WORLD'S PREMIER INSTITUTION FOR TRAINING YOUNG ARTISTS AS INTERNATIONAL OPERA SINGERS. THROUGH RIGOROUS INSTRUCTION AND COACHING, AND BY PRESENTATIONS OF RESIDENT ARTISTS FROM AROUND THE WORLD IN FULLY 0 0 3261128 329300 281465 ADMISSION INTO AVA'S FOUR-YEAR PROGRAM IS DETERMINED BY HIGHLY COMPETITIVE ANNUAL AUDITIONS. THOSE WHO ARE ACCEPTED RECEIVE TUITION-FREE INTENSIVE TRAINING.(CONTINUED ON SCHEDULE O.)FOR ITS 87TH ANNIVERSARY SEASON IN 2021-22, THE AVA OPERA THEATRE RETURNED TO LIVE, IN-PERSON PERFORMANCES. THIS INCLUDED 3 OPERA PRODUCTIONS; A CELEBRATION OF OPERA! FEATURING ACTS FROM VERDI'S RIGOLETTO, AND ENSEMBLES FROM PUCCINI'S MADAMA BUTTERFLY, FRANZ LEHR'S THE MERRY WIDOW, BEETHOVEN'S FIDELIO, AND ROSSINI'S IL BARBIERE DI SIVIGLIA (THE BARBER OF SEVILLE). THE AVA OPERA ORCHESTRA WAS CONDUCTED BY MAESTRO CHRISTOFER MACATSORIS, AVA FACULTY MEMBERS AUDREY SAINT-GIL, DAVID ANTONY LOFTON, RICHARD A. RAUB, AND GUEST CONDUCTOR ROBERT KAHN. AVA ALUMNUS RICHARD TROXELL ('92) WAS THE CONCERT'S STAGE DIRECTOR. OTHER OPERA PRODUCTIONS INCLUDED PUCCINI'S LA BOHEME, WHICH WAS ALSO STAGED AND PERFORMED WITH LIVE ORCHESTRA, AND TCHAIKOVSKY'S EUGENE ONEGIN, PERFORMED WITH PIANO. OUR FOURTH PRODUCTION OF THOMAS'S MIGNON WAS CANCELED DUE TO COVID. CONCERTS THIS SEASON ALSO INCLUDED: A NEW ARTISTS RECITAL FEATURING THREE FIRST-YEAR RESIDENT ARTISTS; THE GIARGIARI BEL CANTO COMPETITION; SEVERAL RECITALS INCLUDING A PROGRAM OF BERLIOZ'S VOCAL WORKS AND JUBILATE! A CONCERT OF SACRED MASTERPIECES, WITH ACCOMPANIMENT BY MEMBERS OF THE AVA OPERA ORCHESTRA.THIS SEASON, FOLLOWING A SEASON OF VIRTUAL PERFORMANCES, WE WERE HAPPY TO DRAW OVER 6,500 PATRONS TO OUR LIVE PERFORMANCES IN DIFFERENT VENUES THROUGHOUT GREATER PHILADELPHIA.RECENT GRADUATES CONTINUE TO SING LEAD ROLES IN PRODUCTIONS PRODUCED BY MAJOR INTERNATIONAL OPERA COMPANIES. THIS SEASON WAS NO EXCEPTION. STARRING IN THE METROPOLITAN OPERA PRODUCTIONS, LATONIA MOORE ('04) APPEARED IN THE PREMIER OF TERRANCE BLANCHARD'S FIRE SHUT UP IN MY BONES AND IN PORGY AND BESS, WITH FELLOW AVA ALUMNA, ALFRED WALKER. STEPHEN COSTELLO ('07) SANG THE ROLE OF DUKE OF MANTUA IN THE METROPOLITAN OPERA'S PRODUCTION OF RIGOLETTO; AILYN PEREZ ('06), MICHAEL FABIANO ('09) AND ALFRED WALKER ('97) PERFORMED IN SAN FRANCISCO OPERA'S TOSCA; VANESSA VASQUEZ ('18) STARRED IN LE NOZZE DI FIGARO AT SANTA FE OPERA IN THE ROLE OF THE COUNTESS; STEPHEN COSTELLO ('07) AND ANDRE COURVILLE ('17) STARRED IN CINCINNATI OPERA'S PRODUCTION OF CARMEN, IN THE ROLES OF DON JOSE AND ZUNIGA, RESPECTIVELY; BURAK BILGILI ('04) AND CHRIS KENNEY ('16) PERFORMED TOGETHER IN CINCINNATI OPERA'S THE BARBER OF SEVILLE; ALEXANDRA NOWAKOWSKI ('18) RETURNED TO WOLF TRAP OPERA TO SING THE ROLE OF JOHANNA IN SWEENEY TODD; CORINNE WINTERS ('11) MADE HER MADAMA BUTTERFLY DEBUT WITH TEATRO DELL'OPERA DI ROMA; MATTHEW WHITE ('19) SANG IN CHAUSSON'S RARELY-PERFORMED LE ROI ARTHUS AT BARD SUMMERSCAPE; MUSA NGQUNGWANA ('14) PERFORMED AT THE SALZBURG FESTIVAL IN INTOLLERANZA; HANNAH LUDWIG ('18) STARS IN TEATRO NUOVO'S PRODUCTION OF THE BARBER OF SEVILLE; ALASDAIR KENT ('17) SANG THE ROLE OF LINDORO IN L'ITALIANA IN ALGERI WITH THE ISRAELI OPERA AND LEVENT BAKIRCI ('08) PERFORMED IN CONCERT WITH TEATRO LA FENICE AND TEATRO CARLO FELICE GENOVA. AVA'S ACCLAIMED OPERA OUTREACH PROGRAM RETURNED AFTER TWO AND A HALF YEARS WITHOUT AN IN-PERSON EVENT. WE WELCOMED OVER 450 EAGER STUDENTS TO THE STUDENT MATINEE PERFORMANCE OF PUCCINI'S LA BOHEME AT THE HAVERFORD SCHOOL'S CENTENNIAL HALL. SEVERAL SCHOOLS CAME FOR THE FIRST TIME AND JOINED PREVIOUSLY PARTICIPATING SCHOOLS AND HOME SCHOOL GROUPS WHO HAPPILY RETURNED AFTER THE HIATUS. WITH THE DEVELOPMENT OF A VIRTUAL OPERA-TUNITY PROGRAM DURING THE PANDEMIC, WE REACHED MORE STUDENTS WHO WOULD OTHERWISE NOT EXPERIENCE THE WONDERS OF OPERA. THIS SEASON, A FOUR-EPISODE ONLINE SERIES WAS COMPLETED. EPISODES COVERED MOZART ("THE MAGIC OF MOZART"), PUCCINI ("THE POWER OF PUCCINI"), BEL CANTO COMPOSERS, DONIZETTI AND ROSSINI ("THE BEAUTY OF BEL CANTO"), AND VERDI ("VIVA VERDI!"). THESE SHORTER, 20-MINUTE EPISODES WERE MADE AVAILABLE TO PARTICIPATING MIDDLE AND HIGH SCHOOL TEACHERS FOR IN-CLASS VIEWING, ALONG WITH A COMPREHENSIVE STUDY GUIDE DISTRIBUTED ELECTRONICALLY IN ADVANCE OF THE EVENT, SO TEACHERS AND STUDENTS COULD PREPARE FOR WHAT THEY WOULD SEE AND HEAR TOGETHER.WE LOOK FORWARD TO OFFERING OUR TRADITIONAL FALL AND SPRING STUDENT MATINEE PERFORMANCES NEXT SEASON WHEN PARTICIPANTS OF THE OPERA OUTREACH PROGRAM WILL HEAR VERDI'S LA TRAVIATA AND MOZART'S DON GIOVANNI. 3261128 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 23 0 79 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA NJ NY X X THE ORGANIZATION 2157351685 1920 SPRUCE STREET PHILADELPHIA PA 19103 HAROLD F PITCAIRN II CHAIRMAN 2.00 X X 0 0 0 SUSAN E KANE VICE CHAIR & TREASURER 2.00 X X 0 0 0 KENNETH E AHL ESQ VICE CHAIR & SECRETARY 2.00 X X 0 0 0 DR ROMEO ABELLA DIRECTOR 2.00 X 0 0 0 R RANDOLPH APGAR DIRECTOR 2.00 X 0 0 0 CHRISTINE BATCHELOR DIRECTOR 2.00 X 0 0 0 BARBARA DONNELLY BENTIVOGLIO DIRECTOR 2.00 X 0 0 0 JUDITH BROUDY DIRECTOR 2.00 X 0 0 0 DANTE CERZA DIRECTOR 2.00 X 0 0 0 ALICE CHASE DIRECTOR 2.00 X 0 0 0 KRISTIN DAVIDSON DIRECTOR 2.00 X 0 0 0 PETER GOULD DIRECTOR 2.00 X 0 0 0 I GAIL HOWARD DIRECTOR 2.00 X 0 0 0 ANTHONY P JANNETTA DIRECTOR 2.00 X 0 0 0 DR RICHARD KENT DIRECTOR 2.00 X 0 0 0 MARK KERSCHNER DIRECTOR 2.00 X 0 0 0 NEAL W KROUSE DIRECTOR 2.00 X 0 0 0 MARX S SANDY LEOPOLD DIRECTOR 2.00 X 0 0 0 JOSEPH W MCGUIRE ESQ DIRECTOR 2.00 X 0 0 0 MARLENE MILNER DIRECTOR 2.00 X 0 0 0 LATONIA MOORE DIRECTOR 2.00 X 0 0 0 THOMAS B O'ROURKE DIRECTOR 2.00 X 0 0 0 DR SUZANNE ROOT ESQ DIRECTOR 2.00 X 0 0 0 DR RUTH RYAVE DIRECTOR 2.00 X 0 0 0 CAROLYN SEIDLE DIRECTOR 2.00 X 0 0 0 COREY SMITH DIRECTOR 2.00 X 0 0 0 WALTER M STRINE JR ESQ DIRECTOR 2.00 X 0 0 0 RICHARD TROXELL DIRECTOR 2.00 X 0 0 0 MARIA G VOGIATZI MD DIRECTOR 2.00 X 0 0 0 P JEFFERY WARDEN DIRECTOR 2.00 X 0 0 0 GORDON M WASE ESQ DIRECTOR 2.00 X 0 0 0 CHARLOTTE H WATTS DIRECTOR 2.00 X 0 0 0 K JAMES MCDOWELL PRESIDENT & ARTISTIC DIRECTOR 40.00 X 161667 0 50385 SUSAN L MOCK CFO 40.00 X 136667 0 21669 SCOTT GUZIELEK VP AND GENERAL MANAGER 40.00 X 141667 0 15505 CHRISTOFER MACATSORIS MUSIC DIRECTOR 40.00 X 150000 0 31015 BRYAN J HYMEL VP, GLOBAL/ARTISTIC OUTREACH 40.00 X 112800 0 0 HELEN KIM DIRECTOR, INSTITUTIONAL ADVANCEMENT 40.00 X 100833 0 17147 803634 0 135721 6 0 1 0 0 356187 13000 2409266 399852 2778453 PERFORMANCE AND FEES 711110 279715 279715 HCW THEATER RENTALS 531190 1750 1750 281465 1402236 1402236 1158000 506131 651869 651869 651869 152651 356187 200692 -48041 -48041 MISCELLANEOUS 900099 1520 1520 1520 5067502 281465 0 2007584 329300 329300 537216 215927 321289 1582905 1291844 67416 223645 62802 51354 2972 8476 156280 132240 5808 18232 156568 111831 27271 17466 57915 57915 218452 175945 42507 119972 119972 33678 5262 28416 95558 51172 13969 30417 117 117 65374 65374 38641 38641 110125 106961 3164 263721 263721 58172 49756 8416 OTHER PRODUCTION EXP. 218695 218695 OTHER FUNDRAISING EXP. 28975 28975 74274 71657 2617 4208740 3261128 620401 327211 189503 344843 122761 198786 498125 198532 5351 4036 31095 27101 8635880 4377658 4487532 4258222 37674940 31365726 9882740 8002231 52892047 44399477 19817 22123 27001 53756 2895628 2739471 58063 41853 3000509 2857203 X 19492749 16542376 30398789 24999898 49891538 41542274 52892047 44399477 X 858762 -7327517 -1880509 X X 0 1 X 1 0 X 1956350 2403808 2494031 4023725 2778453 13656367 1956350 2403808 2494031 4023725 2778453 13656367 657903 12998464 1446905 1428687 1400469 1052025 1402236 6730322 4012 10700 14712 1536 1135 253 252 1520 4696 20406097 1208920 0.63700 0.62900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2017 AMOUNT: $ 1,536. 2018 AMOUNT: $ 1,135. 2019 AMOUNT: $ 253. 2020 AMOUNT: $ 252. 2021 AMOUNT: $ 1,520. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37674940 460300 -5355214 329300 1085000 31365726 29217061 1472200 8285879 338000 962200 37674940 29364083 204456 1247978 262000 1337456 29217061 28911301 236029 1820582 278975 1324854 29364083 27689733 378036 2269932 258900 1167500 28911301 0.46615 0.53385 0.00000 0 0 448000 448000 7307723 3753701 3554022 14679 5382 9297 740581 531616 208965 124897 86959 37938 4258222 BENEFICIAL INTEREST IN TRUSTS 8002231 8002231 CAPITAL LEASE OBLIGATIONS 39463 GIFT ANNUITY CONTRACT PAYABLE 2390 41853 X -3997747 -7327517 -1880509 -9208026 5210279 57915 -200692 -142777 5067502 4351517 200692 200692 4150825 57915 57915 4208740 PART V, LINE 4: THE PRIMARY OBJECTIVE OF THE INVESTMENT MANAGEMENT OF THE ENDOWMENT IS TO PRESERVE OR INCREASE ITS REAL PURCHASING POWER OVER TIME WHILE PROVIDING A RELATIVELY STABLE AND CONSTANT STREAM OF CASH DISTRIBUTIONS FOR USE IN THE CURRENT OPERATIONS OF THE ACADEMY. PART X, LINE 2: AVA IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AVA FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THIS APPLICATION OF THE STANDARD HAS NO EFFECT ON AVA'S FINANCIAL STATEMENTS. AVA'S FORM 990 RETURN FOR THE YEAR ENDED JUNE 30, 2014 WAS AUDITED BY THE INTERNAL REVENUE SERVICE (IRS). THE RESULT OF THE AUDIT WAS THE IRS ACCEPTED THE RETURN AS FILED AND AVA CONTINUES TO QUALIFY FOR EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTERESTS IN TRUSTS -1,880,509. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -200,692. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 200,692. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICIES ARE PUBLISHED IN THE AVA'S STUDENT GUIDELINES, CONTAINED IN THE PUBLISHED BROCHURE AND ON THE WEBSITE. SCHEDULE E, PART I, LINE 6 THE AVA RECEIVED A GRANT FROM A QUASI-GOVERNMENTAL ORGANIZATION, THE PENNSYLVANIA COUNCIL ON THE ARTS. THE AMOUNT OF THIS GRANT FOR THE FISCAL YEAR WAS $13,000. GALA 332240 232568 99672 17450 56401 8705 36976 OPENING NIGHT 80720 56504 24216 2500 31574 4981 3 94578 66205 28373 28116 3800 8805 507538 355277 152261 19950 116091 17486 45781 199308 -47047 1 STUDENT FELLOWSHIP AWARDS 23 319300 STUDENT SUMMER STUDY GRANTS 3 10000 PART I, LINE 2: MERIT-BASED FELLOWSHIPS ARE GRANTED TO RESIDENT ARTISTS TO OFFSET THE COST OF LIVING EXPENSES WHILE ATTENDING AVA. THE AMOUNTS ARE DETERMINED ANNUALLY AND PAID MONTHLY. SUMMER STUDY GRANTS ARE PROVIDED FOR APPROVED IMMERSION PROGRAMS. PROOF OF ACCEPTANCE IN THE PROGRAM AND ATTENDANCE ARE PROVIDED TO AVA. X X 0 0 0 0 0 0 0 0 0 K JAMES MCDOWELL PRESIDENT & ARTISTIC DIRECTOR 161667 0 0 0 0 0 8083 0 42302 0 212052 0 0 0 CHRISTOFER MACATSORIS MUSIC DIRECTOR 150000 0 0 0 0 0 7500 0 23515 0 181015 0 0 0 SUSAN L MOCK CFO 136667 0 0 0 0 0 6833 0 14836 0 158336 0 0 0 SCOTT GUZIELEK VP AND GENERAL MANAGER 141667 0 0 0 0 0 7083 0 8422 0 157172 0 0 0 X 15 374852 FMV ON DATE OF GIFT X PIANO 1 25000 APPRAISAL 1 0 0 0 PART I, COLUMN (B): THE NUMBER IN THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1 STAGED PROFESSIONAL OPERA PRODUCTIONS, AS WELL AS CONCERTS, ORATORIOS, PUBLIC PROGRAMS, THE ACADEMY WILL TRAIN ARTISTS WITH THE HIGHEST POTENTIAL FOR CAREER SUCCESS WHILE ENRICHING LIVES IN PHILADELPHIA AND BEYOND. THE PERFORMING EXPERIENCE IS THE KEY COMPONENT IN AVA'S TRAINING OF OUTSTANDING SINGERS AND THAT WHICH DISTINGUISHES IT FROM OTHER MUSIC/OPERA TRAINING PROGRAMS. THE SELECTED OPERAS FOR PUBLIC PERFORMANCES ARE DETERMINED BY THE UNIQUE QUALITIES OF OUR RESIDENT ARTISTS' VOICES, HELPING THEM BUILD REPERTOIRE FOR A CAREER IN OPERA AND VOCAL PERFORMANCE AND PROVIDING TECHNICALLY CHALLENGING BUT ACHIEVABLE ARTISTIC GROWTH. OUR UNIQUE APPROACH GUARANTEES THAT OUR RESIDENT ARTISTS GRADUATE WITH A MINIMUM OF 8 LEAD ROLES IN THEIR REPERTOIRE. THE OVERALL QUALITY OF OUR TRAINING AND PERFORMANCE EXPERIENCE HAS ALLOWED RESIDENT ARTISTS TO STEP ONTO MAJOR OPERA HOUSE STAGES WITH GREAT CONFIDENCE IMMEDIATELY UPON GRADUATION, IF NOT BEFORE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, REVIEWED IN DETAIL BY THE CFO AND THEN SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW. UPON APPROVAL BY THE FINANCE COMMITTEE, THE FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR AT THE SEPTEMBER BOARD MEETING, A CONFLICT OF INTEREST STATEMENT IS DISTRIBUTED TO EACH BOARD MEMBER AND KEY EMPLOYEE TO COMPLETE AND SIGN. THE SIGNED DOCUMENTS ARE SUBMITTED TO THE DEVELOPMENT ASSOCIATE, WHO MAINTAINS THE DOCUMENTS AND ENSURES COMPLETION BY EACH BOARD MEMBER AND KEY EMPLOYEE. ANY ABSENT BOARD MEMBER OR KEY EMPLOYEE RECEIVES THE FORM VIA EMAIL. POTENTIAL CONFLICTS ARE PROVIDED TO THE VICE CHAIR AND SECRETARY OF THE BOARD TO DETERMINE WITH THE BOARD CHAIRMAN IF ANY ACTUAL CONFLICTS EXIST. ANYONE DEEMED TO HAVE A CONFLICT SHALL NOT VOTE OR USE ANY PERSONAL INFLUENCE IN REGARD TO THE MATTER. THE MINUTES OF THE MEETING SHALL REFLECT THAT THE DISCLOSURE WAS MADE AND SUCH BOARD MEMBER OR KEY EMPLOYEE ABSTAINED FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION C, LINE 18 AVA PUBLISHES ITS FORM 990 ON ITS WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 AVA MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST AND PUBLISHES ITS FINANCIAL STATEMENTS ON ITS WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTERESTS IN TRUSTS -1,880,509. AMENDED RETURN: FORM 990, PART I, LINE 8 (CURRENT YEAR) INCREASED $25,000 FROM $2,753,453 TO $2,778,453. FORM 990, PART I, LINE 12 (CURRENT YEAR) INCREASED $25,000 FROM $5,042,502 TO $5,067,502. FORM 990, PART I, LINE 17 (CURRENT YEAR) INCREASED $625 FROM $1,383,044 TO $1,383,669. FORM 990, PART I, LINE 18 (CURRENT YEAR) INCREASED $625 FROM $4,208,115 TO $4,208,740. FORM 990, PART I, LINE 19 (CURRENT YEAR) INCREASED $24,375 FROM $834,387 TO $858,762. FORM 990, PART I, LINE 20 (END OF YEAR) INCREASED $24,375 FROM $44,375,102 TO $44,399,477. FORM 990, PART I, LINE 22 (END OF YEAR) INCREASED $24,375 FROM $41,517,899 TO $41,542,274. FORM 990, PART III, LINE 4A (EXPENSES) INCREASED $625 FROM $3,260,503 TO $3,261,128. FORM 990, PART III, LINE 4E INCREASED $625 FROM $3,260,503 TO $3,261,128. FORM 990, PART VIII, LINE 1F, COLUMN (A) INCREASED $25,000 FROM $2,384,266 TO $2,409,266. FORM 990, PART VIII, LINE 1G, COLUMN (A) INCREASED $25,000 FROM $374,852 TO $399,852. FORM 990, PART VIII, LINE 1H, COLUMN (A) INCREASED $25,000 FROM $2,753,453 TO $2,778,453. FORM 990, PART VIII, LINE 12, COLUMN (A) INCREASED $25,000 FROM $5,042,502 TO $5,067,502. FORM 990, PART IX, LINE 22, COLUMN (A) INCREASED $625 FROM $263,096 TO $263,721. FORM 990, PART IX, LINE 22, COLUMN (B) INCREASED $625 FROM $263,096 TO $263,721. FORM 990, PART IX, LINE 25, COLUMN (A) INCREASED $625 FROM $4,208,115 TO $4,208,740. FORM 990, PART IX, LINE 25, COLUMN (B) INCREASED $625 FROM $3,260,503 TO $3,261,128. FORM 990, PART X, LINE 10A, COLUMN (B) INCREASED $25,000 FROM $8,610,880 TO $8,635,880. FORM 990, PART X, LINE 10B, COLUMN (B) INCREASED $625 FROM $4,377,033 TO $4,377,658. FORM 990, PART X, LINE 10C, COLUMN (B) INCREASED $24,375 FROM $4,233,847 TO $4,258,222. FORM 990, PART X, LINE 16, COLUMN (B) INCREASED $24,375 FROM $44,375,102 TO $44,399,477. FORM 990, PART X, LINE 27, COLUMN (B) INCREASED $24,375 FROM $16,518,001 TO $16,542,376. FORM 990, PART X, LINE 32, COLUMN (B) INCREASED $24,375 FROM $41,517,899 TO $41,542,274. FORM 990, PART X, LINE 33, COLUMN (B) INCREASED $24,375 FROM $44,375,102 TO $44,399,477. FORM 990, PART XI, LINE 1 INCREASED $25,000 FROM $5,042,502 TO $5,067,502. FORM 990, PART XI, LINE 2 INCREASED $625 FROM $4,208,115 TO $4,208,740. FORM 990, PART XI, LINE 3 INCREASED $24,375 FROM $834,387 TO $858,762. FORM 990, PART XI, LINE 10 INCREASED $24,375 FROM $41,517,899 TO $41,542,274. SCHEDULE A, PART II, SECTION A, LINE 1(E) INCREASED $25,000 FROM $2,753,453 TO $2,778,453. SCHEDULE A, PART II, SECTION A, LINE 1(F) INCREASED $25,000 FROM $13,631,367 TO $13,656,367. SCHEDULE A, PART II, SECTION A, LINE 4(E) INCREASED $25,000 FROM $2,753,453 TO $2,778,453. SCHEDULE A, PART II, SECTION A, LINE 4(F) INCREASED $25,000 FROM $13,631,367 TO $13,656,367. SCHEDULE A, PART II, SECTION A, LINE 5(F) DECREASED $1,000 FROM $658,903 TO $657,903. SCHEDULE A, PART II, SECTION A, LINE 6(F) INCREASED $26,000 FROM $12,972,464 TO $12,998,464. SCHEDULE A, PART II, SECTION B, LINE 7(E) INCREASED $25,000 FROM $2,753,453 TO $2,778,453. SCHEDULE A, PART II, SECTION B, LINE 7(F) INCREASED $25,000 FROM $13,631,367 TO $13,656,367. SCHEDULE A, PART II, SECTION B, LINE 11(F) INCREASED $25,000 FROM $20,381,097 TO $20,406,097. SCHEDULE A, PART II, SECTION C, LINE 14 INCREASED 0.05% FROM 63.65% TO 63.70%. SCHEDULE D, PART VI, LINE 1D(B) INCREASED $25,000 FROM $715,581 TO $740,581. SCHEDULE D, PART VI, LINE 1D(C) INCREASED $625 FROM $530,991 TO $531,616. SCHEDULE D, PART VI, LINE 1D(D) INCREASED $24,375 FROM $184,590 TO $208,965. SCHEDULE D, PART VI, TOTAL (D) INCREASED $24,375 FROM $4,233,847 TO $4,258,222. SCHEDULE D, PART XI, LINE 1 INCREASED $25,000 FROM ($4,022,747) TO ($3,997,747). SCHEDULE D, PART XI, LINE 3 INCREASED $25,000 FROM $5,185,279 TO $5,210,279. SCHEDULE D, PART XI, LINE 5 INCREASED $25,000 FROM $5,042,502 TO $5,067,502. SCHEDULE D, PART XII, LINE 1 INCREASED $625 FROM $4,350,892 TO $4,351,517. SCHEDULE D, PART XII, LINE 3 INCREASED $625 FROM $4,150,200 TO $4,150,825. SCHEDULE D, PART XII, LINE 5 INCREASED $625 FROM $4,208,115 TO $4,208,740. SCHEDULE M, PART I, LINE 25(A) "PIANO" WAS ADDED. SCHEDULE M, PART I, LINE 25(B) INCREASED 1 FROM 0 TO 1. SCHEDULE M, PART I, LINE 25(C) INCREASED $25,000 FROM $0 TO $25,000. SCHEDULE M, PART I, LINE 25(D) "APPRAISAL" WAS ADDED. SCHEDULE M, PART I, LINE 29 INCREASED 1 FROM 0 TO 1.